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Source: Cointelegraph, compiled: Jason.
Regardless of whether it is true, Trump has begun to get involved in the field of cryptocurrency and try to attract cryptocurrency voters.
This year, Trump’s US Republican Party announced the draft political plan. Cryptocurrencies were specifically mentioned in the innovation plan part, second only to artificial intelligence and space expansion development plans. The main target of Trump’s main cryptocurrencies was:
“The United States Republican Party will end the Democratic Party’s illegal and not in line with the spirit of the American spirit. It will defend the right to mining Bitcoin and ensure that each American has the right to keep its digital assets.Transaction “
Not only that, Trump even said amazing at the Nashville 2024 Bitcoin Conference. He said: “I assure the Bitcoin community that on the day of my oath, the anti -encrypted currency movement of Biden and Harris will end”” “.
But the question is, can Trump really say it?Let’s first take a look at what bold “Bitcoin commitments” he has done–
Promise 1: The remaining Bitcoin must “make in the usa”
The upper limit of Bitcoin supply is 21 million, and 90%have been mining.
On June 12, Trump posted on his social media platform Truth Social that he wanted “all the remaining Bitcoin to produce in the United States” and claimed that this would help the United States to become “energy leaders”.
Trump’s goal is to strengthen the US Bitcoin mining industry and maintain Bitcoin production in China, but this goal may face many difficulties due to the decentralized nature of Bitcoin mining.Ben Gagnon, chief executive officer of cryptocurrency mining company Bitfarms, explained:
“It is absolutely possible to make the United States the largest country in Bitcoin mining. If Trump reduces the festival and increase its support and investment in energy and power infrastructure, the United States will consolidate its most competitive competition as the world’s Bitcoin miningThe status of force. But the problem is that because the infrastructure of Bitcoin is scattered, a country cannot minimize all Bitcoin. The remaining Bitcoin is impossible to minimize in the United States or other countries.Moreover, the mining business is concentrated in a certain jurisdiction of the jurisdiction from the core principles and basic value of Bitcoin founder, Nakamoto, the founder of Bitcoin, that is, decentralization.
Promise 2: Use Bitcoin to solve US $ 35 trillion national debt
Trump said in a related NFT activity in the event: “Cryptocurrencies have a good future. I think it is true. Maybe we can use cryptocurrencies to repay $ 35 trillion in national debt.”
US Treasury bonds refers to the total amount of non -repayment of the US federal government in its history.According to relevant financial data, in the past 100 years, US federal debt has increased from US $ 394 billion in 1924 to more than $ 35 trillion in 2024.
The increasing US public debt will bring imminent risks, and may even lead to serious long -term economic problems.
Digital Assets Council of Financial Professionals, Ric Edelam, the digital asset consultant platform, Ric Edelam, the founder of cryptocurrencies, believes that cryptocurrencies can help solve the long -term national debt problems in the United States.Pu may not be able to successfully build a reserve fund, or even if he succeeds, his successor will cancel it. Trump “solve the problem of US Treasury bonds with cryptocurrencies” should be an interesting statement in his campaign.That’s it.
Promise 3: The United States will establish a strategic country Bitcoin reserve
In addition to making the United States a global leader in the field of Bitcoin mining, Trump also plans to create a strategic Bitcoin reserve, and promises that if he is elected president, he will appoint a Bitcoin and cryptocurrency presidential advisory committee.Responsible for designing transparent supervision and guidance for this market.
However, many of the Bitcoin held by the U.S. government from the assets seized by the law enforcement department in criminal cases may challenge Trump’s plans, including the detained BTC from Bitfinex hackers. These assetsIt is essentially a victim, so if Trump promotes the establishment of a strategic country Bitcoin reserves, it may face potential legal pressure.
Fortunately, American Senator CynThia Lummis has proposed a bill to establish a Bitcoin strategic reserve. If it is approved, it will be created to hedge US national debt. The goal of the bill is to acquire 1 million BTCs within five years.And hold for at least 20 years.With the support of the U.S. Congress, Trump’s plan to create Bitcoin reserves may actually have the opportunity to achieve it, but it still needs some American council colleagues to recognize the potential of Bitcoin.
Proposal 4: Gary Gensler, chairman of the US Securities and Exchange Commission on the first day of taking office
Many people in the industry criticize the US Securities and Exchange Commission to adopt “law enforcement supervision” for the cryptocurrency industry. Indeed, under the leadership of Gary Gensler, the US Securities and Exchange Commission has filed a lawsuit against a number of large cryptocurrencies companies, accusing them of being suspected of selling unpaid sales.Registered securities.
The U.S. encrypted industry has been working hard to promote the clarification of supervision, claiming that the guidance of the US Securities and Exchange Commission is still vague.According to industry observers, the lack of clear rules has caused uncertainty, which hinders market participation and growth in the US encryption industry.
One of the most clear commitments of Trump is Gary Gensler, chairman of the US Securities and Exchange Commission on the first day of his last day. He believes that the new leadership will bring more conducive to the regulatory environment of cryptocurrencies and help the United States cryptocurrenciesIndustry development.However, can Trump really fires quickly Gary Gensler?
Frankly, firing Gary Gensler may not be as easy as Trump’s imagination, although he does not need to be approved by the Senate to fired Gary Gensler, it may dismiss an influential regulatory to create a dangerous dangerPrevices, this means that Trump has to find a “appropriate reason” to fired the chairman of the US Securities and Exchange Commission, such as neglecting duty, low efficiency or other forms of malfeasance. In additionIt takes more than a year.
Therefore, in the end, Trump is likely to live with Gary Gensler for a while until he takes over.
Promise 5: The United States will stop developing CBDC
Trump has promised to prevent the US Department of Finance from developing the central bank’s digital currency (CBDC), indicating that he opposes the US government’s control of digital assets.At the Bitcoin Conference held by Nashville, Trump claimed: “During my time as the President of the United States, CBDC will never appear. This technology constitutes an imminent threat to financial privacy.”
Trump is not the only person who opposes CBDC. Many US Republican politicians have publicly issued a statement against CBDC, such as:
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Ron Desantis, Governor of Florida, has signed a bill to limit the use of CBDC in the state;
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U.S. Congress Tom Emmer proposed the “CBDC Anti-Surveillance State Act” bill, which prohibits the Fed from issuing CBDC without Congress approved. The bill is still being reviewed.
Promise 6: Release the founder of the Silk Road Ross Ulbricht
Trump promised to reduce the punishment of Ross Ulbricht on the “first day of taking office”. It is undeniable that Ross Ulbricht’s punishment was very controversial and too harsh -for non -violent crimes, he was sentenced to 40 years of dual life imprisonment.Critics believe that Ross Ulbricht’s penalties may have the problem of US judicial power compared with the punishment of similar crimes.
Trump said: “We will bring him home (Ross Ulbricht) home, he has been serving for 11 years.”
In this promise, Trump can quickly fulfill it because the US President has the right to reduce his sentence or alleviate the conviction of federal crimes.Although the reduction of sentences cannot be exempted from the charges of Ross Ulbricht, he can be released in advance.
Proposal 7: Create the Council of Consultation Consultation and formulate a precise encryption policy
Cryptocurrencies are a wide and complex topic, especially for regulators.Trump said that if he was re -elected, he would set up a presidential advisory committee to ensure that a solid regulatory framework was formulated for cryptocurrencies.
Trump said: “We will formulate regulations, but from now on, the rules will be formulated by people who love the crypto industry rather than hate those who hate the encryption industry. The task of the Cryptic Monetary Commission is to design a transparent supervision guidelines for the interests of the entire industry.Do this work within 100 days “” “” “”
Crypto Rand, an anonymous encryption market analyst and trader, pointed out that Trump’s commitment may be one of the most important commitments, because he believes that Congress and the US Securities and Exchange Commission have repeatedly stated that they lack a understanding of the crypto industry and its developmentEssence
Promise 8: Crypting self -custody as a right
Trump promises that cryptocurrency users have the self -custody of cryptocurrency users, which is actually the “Not Your Keys, Not Your Coins” into US Federal Law.
Republican Senator Ted Budd proposed legislation to support Trump’s commitment to cryptocurrency self -custody rights. On November 7, 2023, he proposed the “Keep Your Coins Act” bill in the US Senate, which aims to prohibit restrictions from restricting Americans from passing by themselves.Tortooth encryption wallets are traded.
Summarize
The results of the next presidential election in the United States will be released this week. If Trump is really elected as scheduled, the above promises can be worthy of attention.But one thing needs to remind the encrypted community. In Trump’s political career, he has repeatedly violated his promise.
